Quote:
Originally Posted by RIJIMMY
im not talking debt, Im not talking expense, Im talking tax code. The current tax code is not set up to properly tax today's population. This is not class warfare, this is not about Mitt. said it 10 times, you dont get it. the AMT screws working families.
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I know...you've barely mentioned him...
isn't it ironic?
the AMT was created to properly tax yesterday's population and particularly targeted a few high earners, probably a fairness thing..... now it has you feeling all of this unfairness....there's a lesson there
Growth of the AMT
Although the AMT was originally enacted to target 155 high-income households, it now affects millions of middle-income families each year. The number of households that pay the tax has increased significantly in the last decade: In 1997, for example, 605,000 taxpayers paid the AMT;[49] by 2008, the number of affected taxpayers jumped to 3.9 million, or about 4% of individual taxpayers.[50] A total of 27% of households that paid the AMT in 2008 had adjusted gross income of $200,000 or less.